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Founding Leaders Leadership

In: Business and Management

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Founding Leaders Leadership

Contemporary Business

Thomas Middleton

Dr. Dingman

BUS 508

April 19, 2012

Profit Oriented

Sam Walton was born in Springfield Missouri during the great depression to Thomas Gibson Walton and Nan Walton. At an early age he had understand the value of a dollar, because during he great depression the kids in the house hold also had to provide what they could to the family income, which Sam did buy delivering newspapers. Sam Walton delivered newspapers from the time he was 5 until he graduated college. The four major influences in his life were, his mother whom educated them and stressed education to their children in-order for them to succeed. His dad whom taught young Sam Walton about the value of a dollar. And the two most important influences in Sam’s life were L.S. Robson Sam’s father-n-law whom was a successful businessman himself taught Sam how to set up businesses within a family organization using different types of business entities such as partnerships and enterprises having their children be the board members and executives within the partnerships, which pays off huge in the later years as far as the success of Wal-Mart. The last influential person whom shaped Sam Walton into the shrewd businessman with the don’t quit attitude was a gentlemen by the name of John Dunham whom was the owner of the rival store in the small town of Newport, Arkansas where young Sam bought his first Department store for 7,000 called Ben Franklin variety store. Sam Walton has made Wal-Mart into the number one retail store in America not because of one or two attributes as a businessman, but through his life long experiences in dealing with people and learning from everyone he has ever come in contact with. “The first department store Sam ever bought into was how he came up…...

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